The global Recycled Concrete market is predicted to grow at a CAGR of 8.1% from 2024 to 2029 and the market size is expected to be valued at USD 14.39 billion by 2029 from USD 9.75 billion in 2024.
The industry is growing yearly but has yet to achieve its top speed. Moreover, the construction of buildings, facilities, and infrastructure entirely from reprocessed concrete, its application in the development of near-zero emission cement, and the progressive sentiments and perceptions of industry players are the main factors behind the current upward trajectory of market growth. Furthermore, the United States and Europe are the accelerators of this industry with maximum funding and R&D activities regarding this. For instance, in July 2024, Cambridge Electric Cement (CEC) which is a carbon-efficient, cement upcycling start-up, reported the attainment of 2.25 million pounds in a seed funding round and is headed by the decarbonisation-focused Zero Carbon Capital investing side-by-side present financier Almanac Ventures, Delph25, Parkwalk Advisors, Cambridge Enterprise Ventures and Legal & General.
This helps in lowering environmental deterioration related to garbage disposal and exerts less pressure on landfill space. Also, it leads to reduced use of fresh raw materials like sand and gravel, adding to the advantages it provides to the market. Considering the world’s focus on decarbonisation, it results in lesser carbon discharge against those utilising new inputs.
Ecological problems and Government policies and projects are fuelling the market growth. The construction sector considerably participates in greenhouse gas emissions worldwide. Governments and governing authorities globally are enforcing laws and schemes to mitigate waste and encourage sustainability in the building industry. These measures are promoting the rise and expansion of the recycled concrete market. Likewise, as per the study, the worldwide building projects finished will expand by more than 4.2 trillion dollars throughout the upcoming 15 years. It further reiterated that the market growth is propelled by the immense potential of the global green economy. An aggregated amount of 135 trillion US dollars in fabrication output is estimated over the decade till 2030. Moreover, the major companies in the recycled building industry are emphasising alliances, amalgamations and acquirements to extend their market footprint and consequently surge their consumer base.
Apart from this, market expansion is also hindered by the absence of standardization, certification procedures, and access to raw materials. So, solving these restraining elements is highly important for the sustained adoption of recycled concrete in the construction sector.
The market is still dominated by traditional concrete producers who are increasing their unit costs along with poor distribution with limited vendors, retailers, and warehouses the situation remains grave. This makes it tough for the builders and contractors to shift into recycled concrete.
Developing economies and moderately expanding countries in APAC present potential avenues for North American and European companies that have already made some advancement or are in the process of doing so. This includes nations like India, Indonesia, etc.
Moreover, another region that holds tremendous market opportunities is the African continent. Though it is currently going through a rough patch due to multiple regional conflicts and economic crises, the overall industry conditions in the 11 African GDPs including Uganda with a 6 growth rate, Togo (6%), Tanzania (6.1%), Djibouti (6.2%), Benin (6.4%), Ethiopia (6.7%), Cote d’Ivoire (6.8%), Rwanda (7.2%), Libya (7.9%), Senegal (8.2%) and Niger at the top with 11.2 are favourable for the market growth.
The recycled concrete market is severely challenged by ignorance or the lack of knowledge among final users and construction players regarding the advantages of utilising recycled concrete aggregates (RCAs). Besides this, getting approvals, permissions, clearances and necessary checks by the public or concerned authorities is another major issue faced by the market players. Thus, moving forward on these stringent laws and regulations that are designed keeping in mind the traditional option is extremely difficult presently.
According to multiple published studies, a leading issue when in construction recycled concrete aggregate (RCA) is used is the cracked surface which generally leads to lower resistance and a decline in concrete’s longevity.
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REPORT METRIC |
DETAILS |
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Market Size Available |
2023 to 2029 |
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Base Year |
2023 |
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Forecast Period |
2024 to 2029 |
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CAGR |
8.1% |
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Segments Covered |
By Product Type, Form, Application, and Region |
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Various Analyses Covered |
Global, Regional, & Country Level Analysis; Segment-Level Analysis, DROC, PESTLE Analysis, Porter’s Five Forces Analysis, Competitive Landscape, Analyst Overview of Investment Opportunities |
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Regions Covered |
North America, Europe, Asia Pacific, Latin America, and Middle East & Africa |
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Market Leaders Profiled |
Arcosa Inc., Vulcan Materials Co., Big City Crushed Concrete, Top Grade Site Management Llc, Cemex S.A.B. De C.V., Southern Crushed Concrete Llc, Crh, Holcim, Greenstone Materials Inc., Heidelberg Materials |
It continues to be the major profit-generation category for aggregate producers. It is one of the most vital elements since it is frequently utilised in building projects that need drainage like foundation drains and streets or roads. In addition, the extensive use of gravel and crushed stone in the reprocessed concrete aggregates industry is due to its adaptability and capability to deliver great sewerage and load-bearing qualities. They are broadly employed in different construction activities, involving streets, driveways, and groundwork, coupled with for beautification intentions in landscaping.
Presently, construction debris, particularly solids, is regularly utilised to fill dumping grounds, resulting in further ecological concerns. Often, unprocessed concrete or concrete additives are concealed or put underground in dumpsters, large deposition, backfill inputs, waterfront safety and base fill for sewerage facilities. The environmental features of building materials are becoming progressively crucial. Employing quickly accessible cement as an aggregate resource for fresh concrete and other use cases makes this reprocessing a significant method since it preserves organic sources. Also, it can be recycled in a comparatively easy way. It consists of crushing, segregating and breaking to manufacture a matter with a particular size, quality and shape.
As per a study, utilising recycled concrete granular material like air-cooled iron blast-furnace slag or crushed hydraulic cement concrete, crushed stone, gravel and sand for walkways or pathways is important to attaining sustainability. Further, enforcing RCA for fresh pavement projects can reduce carbon emissions, preserve organic sources and provide an affordable life cycle. Moreover, the segment market size will also increase owing to a surge in employment among the working class. Factually, the construction industry is amongst the key vibrant sectors worldwide, providing around 7 per cent and 9 per cent of the GDP of the United States and European Union, respectively, and more than 15 per cent of overall employment.
The United States is leading the regional market due to the early acceptance of sustainable building methods and materials. The country’s industry development is also attributed to the favourable legal and regulatory framework. Apart from this, rising emphasis on mitigating carbon footprints and encouraging green construction techniques are believed to strengthen recycled concrete aggregate revenue in the country. For instance, in July 2024, Holcim announced that it in North America successfully positioned its foremost 99.2 per cent clinker-free concrete for pavement, achieving a landmark in its dedication to propelling sustainable construction. On the other hand, Canada is expected to moderately grow owing to its application in infrastructure projects.
The region produces 375 million tonnes of mineral construction garbage. The region’s market size is expected to increase in the coming years because of the progressive shift to carbon footprint reduction technologies in the construction industry. For instance, in June 2024, Heidelberg Materials and Linde Press released the foundation stone laying for their widespread carbon capture and liquefaction factory in Lengfurt (Germany).
Arcosa Inc., Vulcan Materials Co., Big City Crushed Concrete, Top Grade Site Management Llc, Cemex S.A.B. De C.V., Southern Crushed Concrete Llc, Crh, Holcim, Greenstone Materials Inc., Heidelberg Materials are some of the notable companies in the Global Recycled Concrete Market.
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